By: Ecofin agency

Shareholders of Canadian miner Robex Resources approved its merger with Australia’s Predictive Discovery on Dec. 30, creating a combined entity valued at about $1.45 billion.

As approval from Predictive’s shareholders is not required, the deal now needs authorization from a Quebec court as well as regulatory approvals, including from the governments of Mali and Guinea, to proceed.

Robex and Predictive expect approval from the Quebec Superior Court by Jan. 13, 2026, with other regulatory clearances expected in the first quarter of 2026. Robex shareholders will own 46.5% of the combined company, with the remaining 53.5% held by Predictive’s shareholders. Predictive’s ownership stake increased after a rival bid from Perseus Mining, its largest shareholder, prompting Robex to revise its initial proposal, which had allocated 51% to Predictive shareholders.

Predictive’s flagship asset is the Bankan project in Guinea, an undeveloped deposit containing 5.53 million ounces of gold resources. A feasibility study published in June 2025 indicated the mine could produce 250,000 ounces annually over a 12-year lifespan. Robex operates the Nampala gold mine in Mali, which produced 34,401 ounces from January to September 2025. The Canadian company commissioned the Kiniero gold mine in Guinea in December 2025, an asset expected to produce an average of 139,000 ounces of gold per year over nine years.

"The Transaction consolidates two of the largest, lowest cost and most advanced gold projects in West Africa – Bankan and Kiniero – within a combined group with the execution capability and funding strength to grow into a significant gold producer with expected production of more than 400,000oz per annum by 2029," Predictive Discovery Chief Executive Andrew Pardey said.

While the Kiniero mine is already operational, the combined company must secure $463 million in funding to build the Bankan gold mine. Predictive already holds an environmental permit and is awaiting a mining licence.